Is Madhav Marbles And Granites Ltd (MADHAV) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Madhav Marbles And Granites Ltd is a below average quality company .

Is Madhav Marbles And Granites Ltd (MADHAV) undervalued or overvalued?

The key valuation ratios of Madhav Marbles And Granites Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Madhav Marbles And Granites Ltd (MADHAV) share price return in the past 10 years?

Madhav Marbles And Granites Ltd share price has declined -2.3% annually (CAGR) over the past ten years.

Is Madhav Marbles And Granites Ltd (MADHAV) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Madhav Marbles And Granites Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Madhav Marbles And Granites Ltd (MADHAV)?

Company share prices are keep on changing according to the market conditions. The current trading price of Madhav Marbles And Granites Ltd (MADHAV) on 17-Apr-2026 16:59:59 at 16:59 is 37.00.

What is the P/E ratio of Madhav Marbles And Granites?

The latest standalone P/E ratio of Madhav Marbles And Granites as of 17-Apr-2026 is 0.00.

What is the P/B ratio of Madhav Marbles And Granites Ltd (MADHAV)?

The latest standalone P/B ratio of Madhav Marbles And Granites Ltd (MADHAV) as of 17-Apr-2026 is 0.21.

What is the 52-week high and low of Madhav Marbles And Granites Ltd (MADHAV)?

The 52-week high of Madhav Marbles And Granites Ltd (MADHAV) is Rs. 54.00 and the 52-week low is Rs. 29.02.

Madhav Marbles And Granites Ltd (MADHAV) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Madhav Marbles And Granites Ltd (MADHAV)
Brand: Madhav Marbles And Granites

Madhav Marbles And Granites Ltd (MADHAV) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Madhav Marbles And Granites Ltd (MADHAV)

BSE: 515093 NSE: MADHAV

Key Metrics

Market Cap

₹30 Cr.

P/E Ratio

0.00

Price to Book (P/B)

0.21

Price to Sales (P/S)

1.02

EV/EBITDA

10.39

Return on Capital Employed (ROCE)

1.32%

Current Price

₹37

Return on Equity (ROE)

0.55%

Return on Assets (ROA)

0.45%

Operating Profit Margin

0.2%

Net Profit Margin

2.43%

Gross Profit Margin

11.3%

Book Value per Share

₹154.3

Sales Growth (YoY)

-22.43%

Sales Growth (3 Years)

-16.5%

Operating Profit Growth (1 Year)

NA%

Operating Profit Growth (3 Years)

-83.36%

Net Profit Growth (1 Year)

1775%

52-Week Low / High

₹29 / 54

Net Profit Growth (3 Years)

-27.13%

Dividend Yield

0.00%

Promoter Holding

45.20%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Madhav Marbles And Granites Ltd?

Madhav Marbles And Granites Ltd revenue growth is -22.4% for FY-2025 , which is below its 5 year CAGR of -12.5% , indicating slower growth.

Q.1 Promoter shareholding and pledge status of Madhav Marbles And Granites Ltd?

Promoters hold 45.20% of the Madhav Marbles And Granites Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Madhav Marbles And Granites Ltd vs industry peers?

Madhav Marbles And Granites Ltd revenue CAGR is -12.48% , compared to the industry median CAGR of 0.00% , indicating slower growth and losing its market share.

Q.1 Which industry/sub-sector does Madhav Marbles And Granites Ltd belong to?

Madhav Marbles And Granites Ltd belongs to the Construction & Infrastructure sector, operating specifically within the Ceramics/Marble/Granite/Sanitaryware segment.

Q.1 Stock return of Madhav Marbles And Granites Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of -2.3% based on the current price.

DeciZen - make an informed investing decision on Madhav Marbles&Gran.

Based on:

Data

M-Cap below 100cr DeciZen not available

Madhav Marbles And Granites stock performance

Key Ratios

Is Madhav Marbles And Granites Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	7.1%	5%	2.4%	5%	3%	3.6%	1.7%	0.8%	0.8%	1.3%	-
Value Creation Index ⓘ	-0.5	-0.6	-0.8	-0.6	-0.8	-0.8	-0.9	-0.9	-1.0	-0.9	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	78.9	79.3	69.7	77	60.3	61.9	53.2	46.9	39.9	31	29
Sales YoY Gr.	-	0.6%	-12.2%	10.5%	-21.7%	2.7%	-14.1%	-11.7%	-15%	-22.4%	-
Adj EPS ⓘ	7.1	5.9	0.1	3.9	1.1	4.3	1	-0.2	-0.3	0.2	-0.3
YoY Gr.	-	-16.8%	-98.8%	5428.6%	-71.1%	279.5%	-76%	-123.5%	NA	NA	-
BVPS (₹) ⓘ	132.2	138	138.8	143.7	145.8	150.8	152.5	153.3	153.4	154.3	154.3
Adj Net Profit ⓘ	6.4	5.3	0.1	3.5	1	3.8	0.9	-0.2	-0.3	0.2	-0
Cash Flow from Ops. ⓘ	11.5	5.8	-8	0.5	14.1	-1.6	1.4	2.9	-5.9	-1.7	-
Debt/CF from Ops. ⓘ	0.4	0.7	-2.5	39.5	0.6	-6.3	4.8	2.7	-2.3	-6.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-9.9%	-12.5%	-16.5%	-22.4%
Adj EPS ⓘ	-31.7%	-27.1%	-39.1%	NA
BVPSⓘ	1.7%	1.1%	0.4%	0.6%
Share Price	-2.3%	-4.9%	-2.6%	-12.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	5.6	4.4	0.1	2.7	0.8	2.9	0.7	-0.2	-0.2	0.2	-0.2
Op. Profit Mgn % ⓘ	9.5	8.4	0.4	9.5	4.8	8.3	4.1	1.4	-2.2	0.2	-6.1
Net Profit Mgn % ⓘ	8.1	6.7	0.1	4.5	1.7	6.2	1.7	-0.5	-0.7	0.7	-1
Debt to Equity ⓘ	0	0	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	-
Working Cap Days ⓘ	437	417	500	520	673	657	815	929	1,148	1,559	320
Cash Conv. Cycle ⓘ	220	189	206	199	248	217	251	283	337	417	223

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	-0.3	-1.2
TTM Sales (₹ Cr.)	29	29.1
BVPS (₹) ⓘ	154.3	137.5
Reserves (₹ Cr.) ⓘ	129	114
P/BV ⓘ	0.21	0.24
PE ⓘ	0.00	0.00

From the Market
52 Week Low / High (₹)	29.02 / 54.00
All Time Low / High (₹)	2.00 / 171.35
Market Cap (₹ Cr.)	29.6
Equity (₹ Cr.)	9
Face Value (₹)	10
Industry PE ⓘ	53.7

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

0.05

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Madhav Marbles&Gran. - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	78.88	79.34	69.65	76.96	60.28	61.89	53.17	46.93	39.90	30.95
Operating Expenses ⓘ +	71.41	72.88	69.39	69.77	57.83	56.74	51	46.36	40.77	30.94
Manufacturing Costs	18.94	16.22	13.87	16.10	12.58	9.61	9.69	9.21	7.55	5.63
Material Costs	36.11	39.68	36.34	35.61	28.29	30.24	23.05	21.46	19.86	12.72
Employee Cost	9.35	9.74	9.93	10.02	9.81	10.05	10.41	9.50	8.15	7.88
Other Costs ⓘ	7.02	7.24	9.25	8.04	7.15	6.85	7.85	6.19	5.22	4.71
Operating Profit ⓘ	7.46	6.47	0.26	7.19	2.45	5.15	2.17	0.57	-0.87	0.01
Operating Profit Margin (%)	9.5%	8.1%	0.4%	9.3%	4.1%	8.3%	4.1%	1.2%	-2.2%	0.0%
Other Income ⓘ +	3.76	2.18	5.40	4.89	6.72	4.51	5.14	5.35	4.77	4.54
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	0.66	0.22	1.08	1.30	1.10	0.52	0.43	0.55	0.97	0.89
Depreciation ⓘ	2.50	2.33	2.42	4.76	4.89	4.62	4.85	4.72	2.79	2.56
Profit Before Tax ⓘ	8.06	6.09	2.16	6.01	3.18	4.52	2.03	0.65	0.14	1.09
Tax ⓘ	0.48	0.88	0.36	1.40	1	0.20	0.08	-0.29	0.10	0.34
Profit After Tax	7.58	5.21	1.80	4.61	2.18	4.32	1.94	0.94	0.04	0.75
PAT Margin (%)	9.6%	6.6%	2.6%	6.0%	3.6%	7.0%	3.7%	2.0%	0.1%	2.4%
Adjusted EPS (₹)	8.5	5.8	2.0	5.2	2.4	4.8	2.2	1.1	0.0	0.8
Dividend Payout Ratio (%)	12%	17%	12%	5%	0%	10%	12%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	118.27	123.46	124.14	128.56	130.48	134.94	136.47	137.19	137.23	138.01
Share Capital ⓘ	8.95	8.95	8.95	8.95	8.95	8.95	8.95	8.95	8.95	8.95
Reserves ⓘ	109.32	114.52	115.19	119.61	121.53	125.99	127.52	128.24	128.28	129.06
Debt +	5.02	4	20.13	15.90	6.58	7.56	4.79	7.35	12.84	10.86
Long Term Debt	0	0	7	5.08	3.37	3.37	0.71	2.36	1.80	1.27
Short Term Debt	5.02	4	13.13	10.82	3.21	4.19	4.09	4.99	11.04	9.59
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	8.37	7.68	9.57	8.09	5.81	5.46	4.34	4.96	3.25	3.60
Others Liabilities ⓘ	10.91	10.39	11.60	14.59	15.31	13.84	15.14	13.96	14.42	14.42
Total Liabilities ⓘ	142.57	145.53	165.44	167.14	158.18	161.79	160.74	163.45	167.74	166.89
Fixed Assets
Net Fixed Assets ⓘ +	27.34	27	30.03	41.34	36.85	32.47	29.19	29.25	26.53	24.22
Gross Block	81.97	83.83	87.62	103.69	103.64	103.89	105.29	108.23	102.90	103.15
Accumulated Depreciation	54.63	56.83	57.59	62.35	66.80	71.42	76.09	78.98	76.36	78.93
CWIP ⓘ	0.64	0.46	13.45	0.33	0.37	0.51	0.29	0.39	0.38	0.38
Investments ⓘ	0	0.63	1.95	2.55	1.98	1.31	2.03	2.98	3.06	3
Inventories	24.59	25.36	27.50	27.19	25.16	24.11	29.25	29.91	27.74	26.27
Trade Receivables	31.09	24.27	25.81	26.78	21.35	19.59	14.01	13.12	15.02	11.63
Cash Equivalents	17.09	22.79	11.31	1.71	7.89	3.58	2.50	4.51	0.92	0.15
Others Assets ⓘ	41.82	45.02	55.39	67.25	64.59	80.21	83.47	83.29	94.08	101.23
Total Assets ⓘ	142.57	145.53	165.44	167.14	158.18	161.79	160.74	163.45	167.74	166.89

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	11.52	5.75	-8	0.45	14.06	-1.55	1.39	2.89	-5.94	-1.71
PBT ⓘ	8.06	6.09	2.16	6.01	3.18	4.52	2.03	0.65	0.14	1.09
Adjustment ⓘ	0.24	0.86	1.04	3.17	0.55	2.79	1.18	0.21	-0.76	-0.54
Changes in Working Capital ⓘ	5.04	-0.03	-10.32	-7.83	11.86	-7.94	-0.98	2.31	-5.03	-1.91
Tax Paid ⓘ	-1.82	-1.17	-0.88	-0.90	-1.53	-0.92	-0.84	-0.27	-0.28	-0.36
Cash Flow From Investing Activity ⓘ +	-0.14	-2.42	-17.98	3.62	-4.16	3.84	-0.80	-3.62	1.36	4.65
Capex	-1.22	-2.41	-17.56	-2.95	0.63	-0.39	-1.32	-4.46	0.19	-0.14
Net Investments	0	-0.58	-1.23	-0.42	0	0.67	-0.72	-1.05	-0.08	0.16
Others ⓘ	1.08	0.57	0.81	6.99	-4.80	3.55	1.24	1.89	1.25	4.63
Cash Flow From Financing Activity ⓘ +	-7.09	-2.32	13.98	-3.88	-10.69	0.45	-3.64	0.55	4.49	-2.90
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	9.19	-1.92	-1.71	-0	-2.66	1.65	-0.56	-0.53
Interest Paid ⓘ	-0.48	-0.22	-1.08	-1.30	-1.10	-0.52	-0.43	-0.55	-0.97	-0.89
Dividend Paid ⓘ	-1.34	-0.89	-0.89	-0.22	-0.22	0	-0.45	-0.22	0	0
Others ⓘ	-5.26	-1.21	6.76	-0.44	-7.66	0.98	-0.10	-0.33	6.02	-1.48
Net Cash Flow ⓘ	4.29	1.01	-12	0.19	-0.80	2.74	-3.04	-0.18	-0.08	0.04

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	6.59	4.31	1.45	3.65	1.68	3.26	1.43	0.69	0.03	0.55
ROCE (%)	7.11	5.04	2.38	5.03	3	3.55	1.7	0.83	0.75	1.32
Asset Turnover Ratio	0.58	0.58	0.48	0.48	0.39	0.41	0.35	0.31	0.25	0.19
PAT to CFO Conversion(x)	1.52	1.1	-4.44	0.1	6.45	-0.36	0.72	3.07	-148.5	-2.28
Working Capital Days
Receivable Days	149	121	123	119	139	115	109	100	123	151
Inventory Days	108	109	130	124	152	138	174	217	252	305
Payable Days	72	74	87	91	90	68	78	79	75	98

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Madhav Marbles And Granites Ltd FAQs

The current trading price of Madhav Marbles&Gran. on 17-Apr-2026 16:59 is ₹37.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Apr-2026 the market cap of Madhav Marbles&Gran. stood at ₹29.61 Cr

The latest P/E ratio of Madhav Marbles&Gran. as of 16-Apr-2026 is 0.00.

The latest P/B ratio of Madhav Marbles&Gran. as of 16-Apr-2026 is 0.21.

The 52-week high of Madhav Marbles&Gran. is ₹54.00 and the 52-week low is ₹29.02.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Madhav Marbles&Gran. is ₹29.04 ( Cr.) .

About Madhav Marbles And Granites Ltd

Madhav Marbles and Granites was incorporated as a private limited company on April 7, 1989 and on May 31, and 1990 was converted into public limited company. The company was established with an object to set up a 100% export oriented unit for processing of granite tiles and another unit for processing of marble tiles. The company was promoted by Rajsingh Dungarpur and other directors. The company is setting up EOUs for processing granite tiles and marble tiles.

A plant for producing marble tiles was set in Udaipur in the state of Rajasthan in 1992 and a similar plant for granite tiles was set up near Salem in the state of Tamil Nadu. Thus both the plants are located near sources of raw material.

The granite plant is a 100% export oriented unit and exports almost all its production to many countries including U.S.A., Germany, Holland, UK, Australia and South Africa. A granite slab plant was set up in 2001 and they are a full service company offering granite tiles, slabs and cut to size products, from a single plant. The marble plant, though not a 100% export oriented unit, exports almost its entire production to various countries, prominent ones being Italy, Spain, Japan, Germany, Holland and USA. Both tiles and slabs are processed in Udaipur and the company operates marble quarries in Keshariaji near Udaipur , famous all over the world for its Green Marble, and also exports marble blocks to Italy, Spain and China.

Product range of the company includes:

Granite:

Paradiso Bash
Indian Dakota Granite
Kashmir White
Ruby Red
Desert Brown
Kashmir Gold
Raw Silk
Chamrajnagar Black
Colombo Juparana
Ivory Brown
Madura Gold
Black Pearl
Siva Gold Granite
Star galaxy Granite
Viscount White Granite
Thiruvannamalai Yellow Granite
Tan Brown Granite
Vizag Blue Granite
Warangal Black Granite
Gibli Granite
Multicolour Red Granite
Paradiso Granite
Sapphire Blue Granite
Sapphire Brown Granite

Marble:

Forest Green Marble
Emerald Green Marble
Madhav Green Marble
Rain Forest Brown Marble
Indian Onyx Light Marble
Rain Forest Green Marble
Indian Onyx Pink Marble

Achievements/ recognition:

Their Green Marble is only one of the lots which have been tested in American Laboratory ASTM (American Society for Testing and Materials Standards).
Madhav Marbles and Granites is a member of the Marble Institute of America.

To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

Build a Stress-Tested Portfolio.

Our Sapphire Advisory uses the ABC Concept to ensure you never have to panic during a market correction.

Core Stocks

STABILITY

Booster Stocks

GROWTH

Amplifier Stocks

ASYMMETRY

● Conflict-Free ● SEBI Registered ● 15Y+ Track Record

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Madhav Marbles And Granites Ltd (MADHAV) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Madhav Marbles&Gran. Share Price